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Prokom expects to post weak Q4 result

Systems integrator Prokom on Monday is expected to post a fourth-quarter gr oup net profit of zl. 29 million, down 65% year-on-year. In mid 2002 Prokom 's CEO said the full-year result would be about zl. 100 million, but later tempered this by saying the company faced a difficult market and would have to create reserves for its investment in Softbank. Analysts said Prokom is in a more solid position thanks to long-term state contracts. "The fourth q uarter was rather average with the great sales noted in earlier quarters, r elying instead on long-term contracts. But it's still a good company," said Katarzyna Perzak, analyst with the brokerage arm of bank Millennium. (www.o net.pl, Reuters) A.Z.

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